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Chinese ADM Group announces investment of $350m in Pakistan

A Chinese company ADM Group has announced a significant investment of $350 million in Pakistan with the support of the Special Investment Facilitation Council.

According to a report on Saturday, as part of the initiative, over three thousand electric vehicle charging stations will be set up nationwide.

Of these electric vehicle charging stations, one thousand stations will be set up in Sindh, fifteen hundred in Punjab, and seven hundred and fifty in Khyber Pakhtunkhwa and Balochistan.

The ADM Group will allocate two hundred and fifty million dollars for the establishment of an electric vehicle manufacturing plant in Pakistan.

The Chinese Group will provide ninety million dollars to developing the necessary charging infrastructure.

The electric vehicles, which will be capable of traveling up to three hundred kilometers on a single charge, are expected to help reduce carbon emissions and lessen the country’s dependence on conventional fuel sources.

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